Launceston house and units rents going backwards: Corelogic RP Data

Buoyant property market conditions do not always mean that all sectors of the property market are performing well according to quarterly rental data released by CoreLogic RP Data research analyst and report author Cameron Kusher.
 
Kusher said: “With new housing supply increasing and investor purchasing at record highs we have seen a significant slowdown in the rate of rental growth over the past couple of years and we expect this trend to continue over the coming year."
 
CoreLogic RP Data's Quarterly Rental Review results are showing that over the first quarter of 2015, national house and unit rental rates increased by just 1.3% while advertised weekly house and unit rents have risen 1.2% at a combined capital city level over the three months to the end of March 2015.

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Source: CoreLogic RP Data